Tags: basic customs duty

BCD on Solar Cell and Modules to cost Rs 900 crore to discoms annually: Ind-Ra

India Ratings and Research (Ind-Ra) in a report said that Government’s decision to levy basic customs duty (BCD) on solar cells and modules from April 1 2022 will lead to increase in solar power tariff rates and create additional risk for domestic manufacturers in incurring significant capex, according to. Further, it would reduce the overall […]

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BCD likely to increase Solar tariff up to 40-45p/unit: CARE Rating

According to a rating agency, Basic Customs Duty (BCD) on imported solar cells and modules may increase tariffs for solar power between 25-45 paise per unit (kWh) .  The MNRE’s announcement of the BCD implementation on imported solar cells (25 per cent) and modules (40 per cent) starting April 1 could increase the solar power […]

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MNRE imposes BCD on imported solar cells and modules, to take effect from April

The Ministry of New and Renewable Energy (MNRE) has imposed basic customs duty (BCD) on imported solar cells and modules which will come into effect  starting April 1, 2022.  The ministry has imposed 40 % BCD on solar modules with HSN Code 85414012 and 25% on solar cells (85414011). Presently, India’s solar sector, just like […]

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